Eurozone Annual Inflation Slows to 2.8% in June, Below Expectations

Eurozone annual inflation slowed to 2.8% in June, a decrease from 3.2% in May, and lower than analysts' median forecast of 3%. Core inflation, which excludes volatile items like food and energy, also decelerated more than anticipated. This slowdown is partly attributed to a decline in global oil prices amid hopes for a Middle East peace settlement.